DuPont responds to 'misleading assertions' made by activist investor Nelson Peltz [Startup Roundup] - Delaware


Feb. 18, 2015 12:04 pm

DuPont responds to ‘misleading assertions’ made by activist investor Nelson Peltz [Startup Roundup]

Plus: National security expert Michael Chertoff delivers UD's “Cybersecurity Initiative Distinguished Lecture.”
The DuPont brand has been ubiquitous in Wilmington for generations.

The DuPont brand has been ubiquitous in Wilmington for generations.

(Photo courtesy of Hotel du Pont)


DuPont and one of it’s backers — activist investor Nelson Peltz — are at a standoff. That’s according to a recent article published in Fortune.

DuPont, on Tuesday, sent a letter to its shareholders in an attempt to squash what it called “misleading assertions” made by Trian (Peltz’s investment firm), which is gunning for four seats on DuPont’s board.

“In an attempt to advance their agenda, Trian has launched a proxy fight based on misrepresentations, inaccurate data, and flawed analyses to distract from DuPont’s track record of strong performance,” DuPont CEO Ellen Kullman said in the letter.

The letter, Fortune says, accuses Trian — which has a nearly 2.7 percent stake in DuPont — of using misleading statements to secure the board seats.


Politico recently featured an article on Wilmington native and University of Delaware graduate, David Plouffe — the 2008 Obama campaign manager and former White House senior adviser turned Uber exec. Today, Politico reports, Plouffe is known as “Uber’s campaign manager.” When he joined in September 2014, Plouffe took the lead on all the company’s political work, branding and communications.


Former Department of Homeland Security Secretary Michael Chertoff spoke to students at the University of Delaware Feb. 10. He spoke during the university’s Cybersecurity Initiative Distinguished Lecture, which you can watch below.


Sarah Zero, a member of the Loft coworking space and founder of graphic design studio Jackalope Heart recently teamed up with Sarah Kudlack of Juniper and Dash to become one organization. The new company, Heart and Dash, is an events, branding and marketing company, according to its website.


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